FCA consults on remedies for payday loan price comparison websites

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FCA consults on remedies for payday loan price comparison websites

28 October 2015, 16:11

FCA consults on remedies for payday loan price comparison websites

This is a duplicate of the Blog Entry made on: 28th October 2015 15:48

Price comparison websites (PCWs) showing payday loans will have to rank products in order according to the total amount payable, under new proposals. The proposal is one of many included in a consultation document published today (October 28) by the Financial Conduct Authority (FCA). The consultation includes various “remedies” for poor competition levels across the payday loan sector. It also marks the FCA’s response to an investigation into the payday lending market by the Competition and Markets Authority (CMA). Earlier this year, the CMA tabled six remedies to improve competition......Read more here

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Tags: 2015, cma, competition, conduct, consultation, credit, debt, fca, financial, investigation, lending, loan, loans, october, online, order, payday, payday lending, payday loan, payday loans, poor, price comparison, size, website, websites

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